What Is HAFA?

It's the Home Affordable Foreclosure Alternatives program, and it was introduced in April 2010 by the U.S. Treasury Department to provide a viable option for homeowners who feel they can no longer afford their homes. The program has already helped thousands of homeowners across the U.S., and it may be able to help you.

Get To Know HAFA

The HAFA program offers homeowners, mortgage servicers and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. A homeowner can leave their home and transition to more affordable housing while alleviating the mortgage debt they owe. The goal of the program is to make the short sale process less cumbersome for sellers, buyers and servicers alike.

Key HAFA Points

Homeowners who qualify can receive up to $3,000 in relocation expenses.

> Lenders must approve or deny any offer for the home within 10 business days of receiving the offer

> Lenders may release borrowers from the obligation to repay the difference between the sales price and loan amount. NO DEFICIENCY JUDGMENTS ARE ALLOWED!

If you are interested in learning more about the HAFA program contact me, I am a Cetified Distressed Property Expert and I can get your home sold so you can move on with your life without the financial burden.  I have closed hundreds of distressed property transactions and can guide you through the home selling process.